FIELD ACTIVITIES / Centurion Energy - Ezzaouia-12 Drilling and Testing
TSE SYMBOL: CUX
FEBRUARY 19, 1998
CALGARY, ALBERTA--The Ezzaouia No. 12 well which was spudded on
December 26th, 1997 has reached a total depth of 2350 m.T.V.D.
within the M'Rabtine layer of the Jurassic formation. Significant
hydrocarbon shows were encountered from the M2 layer at 2133
m.T.V.D. to the base of the M5 layer at a depth of 2285 m.T.V.D.
Log analysis indicates a gas/oil contact and an oil/water contact
that correspond with the regional Ezzaouia Jurassic Field.
Therefore, the producing layers M2, M3 and M5 are within the oil
leg.
Porosity of all three layers M2, M3 and M5 varies from 18 to 20
percent.
RFT pressure measurement in the M2 layer at a depth of 2141 m. is
2525 psi. Original pressure measured in Ezzaouia-11, the last
well drilled prior to Ezzaouia-12, was 2700 psi at a depth of 2158
m. Adjusted pressure for depth in Ezzaouia-12 indicates that the
well penetrated a new fault block in the field. Approximately 20
meters of total net pay were encountered in the M2, M3 and M5
sands in Ezzaouia-12.
Presently a 7" production liner is being run in the hole.
The well will be tied in and production tested through existing
production facilities.
This Press Release contains certain statements that involve risks,
uncertainties and other factors which may cause the actual
results, performance or achievements of Centurion to be materially
different from any future results, performance or achievements
expressed or implied by the statements herein. |
